7 Credit Misconceptions and Myths Debunked


5. Credit, money, and assets

Another myth is that your credit is tied to your personal assets and money – this is false. Your personal bank account balances and personal assets don’t get listed on your credit report, therefore these numbers won’t impact you credit score. Don’t worry – your income, stocks and bonds are not listed on the report either. Your bank account can have an affect on your credit score if you have previously bounced checks.